經合組織

End of Covid job schemes still leave US, EU and UK short of workers

Few expected the labour shortages now crimping developed economies — but few also now expect them to end soon

Chris Gray has a closer view than many of the labour shortages plaguing businesses across the developed world.

As UK managing director for Manpower, the recruitment agency, he is seeing British companies raise wages, pay for training, relax job requirements — in fact do almost anything “to find the arms and legs to do the job”, as he puts it.

Moreover, Gray does not think labour shortages will ease much next week when the UK ends the short time working scheme it paid out during the Covid-19 pandemic — even though around 1m workers still on furlough will then lose state funding. “It won’t move the dial,” he said.

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